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Jan. 22, 2025, 12:35 p.m.
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Quantum eMotion Corp Announces 98% Reduction in Monetary Loss Risk with New Quantum Wallet

Brief news summary

Quantum eMotion Corp. (QeM) has introduced a groundbreaking hardware wallet designed to enhance the security of blockchain and cryptocurrency transactions, aiming to reduce potential financial losses by up to 98% compared to traditional wallets. This innovative wallet employs state-of-the-art Quantum Random Number Generation (QRNG) technology to ensure secure key generation, while keeping production costs low by reusing hardware components. To mitigate the risks associated with brute-force attacks, the wallet incorporates a unique reset feature that generates new master private keys from quantum-generated random numbers. QeM has collaborated with ETS and the University of Sherbrooke to validate its effectiveness, especially for Ethereum transactions, using a dedicated Quantum-as-a-Service (QaaS) model. CEO Francis Bellido asserts that the QaaS wallet sets a new benchmark in digital asset security, combining quantum technology with modern design. With its patented QRNG technology, QeM is well-positioned to meet the increasing demand for secure financial solutions in sectors such as finance, healthcare, cloud security, and IoT, thereby protecting critical infrastructure and high-value assets. This announcement includes forward-looking statements that involve risks and uncertainties, as outlined in the company's regulatory filings. For further details, please refer to the source link.

**Monetary Loss Risk Decreased by Up to 98%** January 22, 2025, 9:14 AM EST | Source: Quantum eMotion Corp. Montreal, Quebec--(Newsfile Corp. - January 22, 2025) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Corporation") has announced remarkable findings regarding its advanced quantum-based hardware wallet, aimed at transforming security within blockchain and cryptocurrency transactions. Recent research indicates that this cutting-edge solution can decrease the risk of financial loss by up to 98% compared to traditional hierarchical deterministic (HD) wallets. First revealed last July, the wallet utilizes Quantum eMotion's proprietary Quantum Random Number Generation (QRNG) technology alongside a sophisticated key generation scheme, guaranteeing peak performance in commercial blockchain applications. It offers a cost-effective and streamlined solution by reusing hardware components to create both parent and child keys, thereby minimizing expenses and complexity. A sophisticated resetting mechanism significantly boosts defense against brute-force attacks and privilege escalation by regenerating master private keys using new quantum random numbers. In partnership with researchers K. Zhang, G.

Gagnon, M. Shabir from ETS (École de technologie supérieure, Montreal, Canada), and Bertrand Reulet from the University of Sherbrooke, QeM's design has undergone thorough evaluation and is published in Springer Nature: Qaas: hybrid cryptocurrency wallet-as-a-service based on Quantum RNG*. The hybrid Quantum-as-a-Service (QaaS) wallet merges QRNG-driven key generation with deep learning algorithms to refine key scheme selection based on user behavior. This strategy reinforces security while optimizing both efficiency and memory usage. Successfully engaged for Ethereum transactions, the QaaS wallet showcases exceptional security enhancements and operational efficiency without incurring additional memory requirements. "Our QaaS wallet marks a substantial advancement in blockchain security and usability, " stated Francis Bellido, CEO of Quantum eMotion. "By integrating quantum technology with smart system design, we are establishing new benchmarks for the protection of digital assets. " *https://link. springer. com/article/10. 1007/s10586-024-04885-7 **About QeM** Quantum eMotion's mission is to meet the increasing need for affordable security solutions for connected devices. With its patented Quantum Random Number Generator, the company has become a leader in classical and quantum cybersecurity solutions, leveraging the inherent unpredictability of quantum mechanics to deliver enhanced protection for high-value assets and critical systems. The Company aims to focus on high-value sectors including Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IoT, Automotive, Consumer Electronics), and Quantum Cryptography. Neither the TSX Venture Exchange nor its Regulatory Services Provider (as defined in the regulations of the TSX Venture Exchange) assumes responsibility for the adequacy or accuracy of this release. This press release may feature forward-looking statements subject to known and unknown risks and uncertainties that may lead to actual outcomes differing significantly from the anticipated results. These risks and uncertainties are detailed in the Corporation's periodic reports, including the annual report, and in filings made by Quantum with securities regulatory authorities. To view the source version of this press release, please visit: https://www. newsfilecorp. com/release/238071


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